Ten set to exit MCN venture as it brings sales in-house

Network Ten is set to withdraw from its joint venture with Foxtel and Fox Sports – Multi-Channel Network – with Ten to bring sales in-house, the Australian Financial Review is reporting.

The CBS-owned broadcaster owns 24.99% of MCN, while Foxtel – which News Corp owns a majority stake in – and Fox Sports own the rest.

MCN was first established in 1997

Get the latest media and marketing industry news (and views) direct to your inbox.

Sign up to the free Mumbrella newsletter now.

"*" indicates required fields

 

SUBSCRIBE

Sign up to our free daily update to get the latest in media and marketing.